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CBL Russian Equity Fund

Ranked 24 out of 50 in - Russia over 12 months
All calculations are in USD unless stated

Managed by

Elchin Jafarov

Based in Riga, Elchin Jafarov is a senior portfolio manager at CBL Asset Management (Citadele group, Latvia) with the focus on equity investments. He has more than ten years of experience in the financial industry and prior to re-joining CBL Asset Management in 2011, held a treasury position at GE Money Bank Latvia (General Electric group, US) and portfolio manager position at Parex Asset Management (now CBL Asset Management). Besides, Elchin has been actively delivering lectures at a range of business schools for more than a decade. He holds Master’s degree from Stockholm University with the major in private equity investments. Away from his daily activities he enjoys music.

Igor Lahtadirs

Igor Lahtadirs is a member of the CFA of Sweden and a portfolio manager at Citadel Asset Management where he started as a senior analyst in 2011. Prior to this he was an analyst at Linedata Services. Igor manages the Citadele Russian Equity Fund, the Caspian Sea Equity Fund and the Ukrainian Equity Fund, using blend of value and growth strategies. He graduated from the Stockholm School of Economics in Riga with a BSc in Economics and Business. Outside of work Igor enjoys soccer, chess, music and the theatre.

Objective

Russian Equity fund seeks high level of capital growth by investing in currently undervalued Russian equity securities exhibiting high growth potential. It consists of diversified array of the most liquid equity holdings representing primarily oil, gas, energy and telecommunications sectors. Fund investments may also be made in regional and national companies representing construction, metallurgy and transportation sectors of Russian economy.

Showing fund performance globally. You can view performance in individual jurisdictions.

Performance

Russia over : 31/10/2016 - 31/10/2017
  • Rank 24/50 Total Return
  • Rank 12/50 Standard Deviation
  • Rank 31/50 Max Drawdown
Fund Name Currency Return
22 VTB Capital IM Russian Market Fund A USD

22.5%

23 Evli Russia B USD

22.4%

24 CBL Russian Equity Fund USD

22.3%

25 Alfred Berg Ryssland USD

22.2%

26 Nordea Ryssland tillvaxt (SEK) USD

22.2%

Total Return

Quarterly Performance

to 29/09/2017 Annual Q1 Q2 Q3 Q4
2017 1.7% -7.1% 15.5%
2016 45.8% 12.0% 4.5% 10.7% 12.5%
2015 1.9% 15.9% 4.6% -12.0% -4.5%
2014 -49.4% -18.6% 11.8% -19.0% -31.4%
2013 0.3% -3.4% -8.6% 11.3% 2.0%
2012 16.6% 18.7% -17.0% 15.5% 2.4%
2011 -27.1% 7.1% -7.6% -27.0% 1.0%
2010 35.1% 16.1% -11.5% 13.7% 15.6%
2009 125.4% 22.8% 40.5% 23.6% 5.8%
2008 -72.7% -8.6% 8.1% -45.8% -49.1%
2007 36.9% 8.0% 1.0% 8.6% 15.6%
2006 62.9% 26.9% -2.0% 6.7% 22.8%
2005 65.4% 9.4% 3.1% 40.0% 4.8%
2004 -19.9% 10.3% -2.8%

Month by Month Performance

Returns Vs Risk

Registered For Sale In

  1. Germany
  2. Latvia
  3. Lithuania

Fund Info

  • Launch date17/03/2004
  • Share Class size05Mn
  • Base currencyUSD
  • ISIN LV0000400190

Purchase Info

  • Min. initial investment1
  • Min. regular additional investment0

Charges

  • Annual management2.00%

Performance is for the period shown (month end to month end, bid/bid, gross income reinvested, calculated in USD).